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stocks up on fiscal cliff deal. all i want to point out if you look at the numbers and stocks have been up big on the first trading day the last four years, all i'm saying is that is probably the major factor here. back to you. >> i tell you, keep is here on the first day of trading. my true love gave to me a statistic that will blow your mind. listen to this, bob. here you go. if the s&p closes up double digits for the ppreceding year s negative like 2012 and if a left-handed oboe player is playing, the index is una hundred percent of the time in the following year with average gain of 12.5%. you got me there? it looks like we will be up 12.5%. he used to be an independent trader but is beginning a new deal with o'neill securities today. >> thank you very much. thank you very much. >> which means he will be with us. >> that is a good thing. >> as you forecast a look ahead to 2014, what kind of year do you expect? >> i think a better year. economist, strategists are talking about how the economies around the world,
stocks up on fiscal cliff deal. all i want to point out if you look at the numbers and stocks have been up big on the first trading day the last four years, all i'm saying is that is probably the major factor here. back to you. >> i tell you, keep is here on the first day of trading. my true love gave to me a statistic that will blow your mind. listen to this, bob. here you go. if the s&p closes up double digits for the ppreceding year s negative like 2012 and if a left-handed oboe...
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cliff deal. it's the uncertainty that has dissipated that's helping lift stocks almost across the board. the text-handy nasdaq is leading gains with the best intra day gain, we're talking about percentage, in six months. the first trading day of the year actually seems to be kind of a charm for the bulls on wall street because the dow has not fall i don't know on the year's first trading day since 2005. so we've got some interesting movements here. but some traders are warning that this rally could be a bit short lived because i know you were discussing it earlier. we still have to talk about the nation's borrowing in just a couple weeks and wall street knows that. we're paying attention to that. >> we saw what happened last time and it wasn't good. >> the good news is we also averted the dairy cliff, we won't be paying $8 for a gallon of milk but i heard orange juice prices are way up. what's going on there? >> experts say that more than half of the state's orange and grapefruit crop are infecte
cliff deal. it's the uncertainty that has dissipated that's helping lift stocks almost across the board. the text-handy nasdaq is leading gains with the best intra day gain, we're talking about percentage, in six months. the first trading day of the year actually seems to be kind of a charm for the bulls on wall street because the dow has not fall i don't know on the year's first trading day since 2005. so we've got some interesting movements here. but some traders are warning that this rally...
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and it was also interesting not only on the fiscal cliff deal. but with sandy relief, cantor went and through them right under the bus. cantor is worried about his position and the donors he has in the new york and new jersey area. it is interesting how quickly he brought the long knives out. i don't think that cantor will organize a coup for this week, personally, partly because anyone who is speaker of the house has to deal with the basic dynamics that john boehner is dealing with. and that is not particularly an attractive position for somebody to be in right now. >> there is fox news -- there is o'reilly and krauthammer, bringing them down even further, saying that the republican house has been neutered. >> you know, if only the white house were this good. and secondly -- >> krauthammer is pretending the house of representatives has disappeared and the president doesn't have to deal with them. >> and also a little bit paranoid to be able to self-diagnose on that. it is not that cantor somehow doesn't want the job. we all know he wants the job
and it was also interesting not only on the fiscal cliff deal. but with sandy relief, cantor went and through them right under the bus. cantor is worried about his position and the donors he has in the new york and new jersey area. it is interesting how quickly he brought the long knives out. i don't think that cantor will organize a coup for this week, personally, partly because anyone who is speaker of the house has to deal with the basic dynamics that john boehner is dealing with. and that...
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he interrupted his vacation to return to deal with the fiscal cliff. the president didn't waste any time. after that house vote took place, he and joe biden made a statement and he is on his way to hawaii. we'll be right back. [ male announcer ] break the grip of back or arthritis pain with odor free aspercreme. powerful medicine relieves pain fast, with no odor. so all you notice is relief. aspercreme. >>> an historic night in america. the fiscal cliff has been averted by a vote in the house of representatives of 257-167. that's it for us. "piers morgan tonight" is next.
he interrupted his vacation to return to deal with the fiscal cliff. the president didn't waste any time. after that house vote took place, he and joe biden made a statement and he is on his way to hawaii. we'll be right back. [ male announcer ] break the grip of back or arthritis pain with odor free aspercreme. powerful medicine relieves pain fast, with no odor. so all you notice is relief. aspercreme. >>> an historic night in america. the fiscal cliff has been averted by a vote in...
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ceiling and the fiscal cliff deal. all that deal did was delay the spending cuts for three months. >>> the speaker of the house promised a vote on hurricane sandy relief funds. >> no help from anyone. you see that garbage? >> it has been 9 weeks since hurricane sandy slammed into the east coast yet the victims are still waiting for help. speaker of the house john boehner triggered outrage when he delayed a vote but today he set a vote for friday. democrats and republicans say it is long past time for that help. >> for us to turn our back and ignore their needs is just plain wrong. >> we respond to innocent victims as natural disasters. >> on friday congress will vote in $9 billion in flood insurance. and you can keep up with the latest developments in the fiscal cliff and the debt ceiling by going to www.ktvu.com. click on the tab near the top of the page. >>> the gunman in the aurora colorado movie shooting is due in court monday. he is accused of killing 12 people and wounding others. it is expected to draw a large c
ceiling and the fiscal cliff deal. all that deal did was delay the spending cuts for three months. >>> the speaker of the house promised a vote on hurricane sandy relief funds. >> no help from anyone. you see that garbage? >> it has been 9 weeks since hurricane sandy slammed into the east coast yet the victims are still waiting for help. speaker of the house john boehner triggered outrage when he delayed a vote but today he set a vote for friday. democrats and republicans...
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speaker boehner's surprise move came after the house approved the fiscal cliff deal. member members hit hard are especially furious. >> we cannot believe that this knife in the back was delivered to our region. >> emergency and disaster means emergency and disaster. >> this is the most disgraceful action i have seen in this house. >> we have been devastated. i hope the speaker will bring this to the floor as quickly as possible. >> victims of sandy, many still homeless are hoping to recover and more outraged. >> it's a shame and a tragedy because they put politics before people. >> we are one community out of many. there a lot of people that are looking for aid that are displaced like myself and that would help us mentally and we are disappointed they couldn't come to a conclusion. >> just a few hours ago, president obama said in part the senate passed this request with bipartisan support, but the house of representatives refused to act. pass it without delay for our fellow americans. right now we are waiting a news conference by chris cristy and we will keep a close
speaker boehner's surprise move came after the house approved the fiscal cliff deal. member members hit hard are especially furious. >> we cannot believe that this knife in the back was delivered to our region. >> emergency and disaster means emergency and disaster. >> this is the most disgraceful action i have seen in this house. >> we have been devastated. i hope the speaker will bring this to the floor as quickly as possible. >> victims of sandy, many still...
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he interrupted his vacation to return to deal with the fiscal cliff. the president didn't waste any time. after that house vote took place, he and joe biden made a statement and he is on his way to hawaii. we'll be right back. >>> an historic night in america. the fiscal cliff has been averted by a vote in the house of representatives of 257-167. that's it for us. "piers morgan tonight" is next. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberry. [ male announcer ] one pill each morning. 24 hours. zero heartburn. satisfaction guaranteed or your money back.
he interrupted his vacation to return to deal with the fiscal cliff. the president didn't waste any time. after that house vote took place, he and joe biden made a statement and he is on his way to hawaii. we'll be right back. >>> an historic night in america. the fiscal cliff has been averted by a vote in the house of representatives of 257-167. that's it for us. "piers morgan tonight" is next. now with a fancy coating that gives you a burst of wildberry flavor. now why make...
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what are you doing now that we have a deal on the fiscal cliff, maybe not a best deal of all but a deal nonetheless. >> it's game on. debris with joe. the cyclicals, he talked about the technology names, the industrials, you've got to be involved, cs industries if you're not involved in the appled, the googles, the ebays, get in. >> i have a lot of buyers, weiss, are you with them? >> i am. i don't think we'll see as much volatility from the debt ceiling debates despite what obama said. not because there's not going to be controversy but the markets going to say we got the fiscal cliff despite the rancor. i added a little spike to walter and also added a little to the bonds short and i think that's the play this year. >> we have the virtual dr. j. with us as well. last week for the first time in more than 30 years you had no positions in the market. for those who said we were going to sell on this news, they were wrong at least for today. have you changed your position in the market? >> i don't know if they were wrong on this news. in other words i think we all said, judge, if we get th
what are you doing now that we have a deal on the fiscal cliff, maybe not a best deal of all but a deal nonetheless. >> it's game on. debris with joe. the cyclicals, he talked about the technology names, the industrials, you've got to be involved, cs industries if you're not involved in the appled, the googles, the ebays, get in. >> i have a lot of buyers, weiss, are you with them? >> i am. i don't think we'll see as much volatility from the debt ceiling debates despite what...
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in the meantime, back to the issue of raising the fiscal cliff deal. i want to bring in the head of the fix the debt campaign. maya, give it to us point blank. how would you race it? >> i think the description i gave to your producer doesn't work on a family friendly show. this is pathetic. if there wasn't a moment to fix this problem, i don't know when we will do it. this fiscal cliff meant to replace the bad policies that did too much deficit reduction too quickly. instead, we did an 1 17b8g hour deal, bare minimum, really just the political system at its worse and we need to rise to the fiscal challenges and put in place a sensible plan. otherwise the economy, households, the whole country is continuing to pay a real price for congress and the white house's inability to fix these problems. are it is really disappointing. >> how do we fix it? we showed graphics from what people get for entitlements, versus what they spend. and cross income levels. people that make a hundred thousand a year, 500,000 households as a matter of fact. it seems that everyb
in the meantime, back to the issue of raising the fiscal cliff deal. i want to bring in the head of the fix the debt campaign. maya, give it to us point blank. how would you race it? >> i think the description i gave to your producer doesn't work on a family friendly show. this is pathetic. if there wasn't a moment to fix this problem, i don't know when we will do it. this fiscal cliff meant to replace the bad policies that did too much deficit reduction too quickly. instead, we did an 1...
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. >>> as we all know, last night's fiscal cliff deal was essentially a tax deal. part two is to come now as we set the stage for a new fight on the debt ceiling. we've already really hit the maximum amount the government can borrow giving congress about two months now to raise that ceiling or risk default. last year the fight was brutal. as we all remember, and it led to a u.s. credit downgrade. >> yes, and the president has already said, quote, i will not have another debate with this congress over whether or not they should pay the bills they have already racked up. republicans say they won't consider raising the ceiling again without spending cuts, and on that note joining us now is representative david schweiker, republican from arizona. he voted against last night's deal. representative, welcome. >> hi, kelly. hi, bill. >> as we turn our attention towards the debt ceiling in two month's time, how far are you willing to go to get spending cuts? will you risk a debt default? >> well, first off what, we need to work on our language here. using the word default i
. >>> as we all know, last night's fiscal cliff deal was essentially a tax deal. part two is to come now as we set the stage for a new fight on the debt ceiling. we've already really hit the maximum amount the government can borrow giving congress about two months now to raise that ceiling or risk default. last year the fight was brutal. as we all remember, and it led to a u.s. credit downgrade. >> yes, and the president has already said, quote, i will not have another debate...
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he interrupted his vacation to return to deal with the fiscal cliff. the president didn't waste any time. after that house vote took place, he and joe biden made a statement and he is on his way to hawaii. we'll be right back. i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile. not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still going to give me a heart attack. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. [ slap! ] [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums you'll forget you had heartburn. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an al
he interrupted his vacation to return to deal with the fiscal cliff. the president didn't waste any time. after that house vote took place, he and joe biden made a statement and he is on his way to hawaii. we'll be right back. i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile. not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still going to give me a heart attack. we're more than...
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. >>> the fiscal cliff is now a done deal. the house of representatives passed a senate bill that protects 99% of americans from an income tax hike. >> central premise of my campaign for president was to change the tax code that was too skewed toward the wealthy at the expense of working middle class americans. tonight we have done that. >> president obama is right now flying back to hawaii to resume the family vacation that he cut short to deal with the fiscal cliff. here are just some of the details of the fiscal cliff deal passed last night. a permanent extension of previous tax cuts for all taxpayers expect for individuals making more than $400,000 a year. or couples making $450,000. the bill also continues unemployment benefits to long- term jobless for another year. and it does postpone decisions on controversial spending cuts for two months. u.s. stock futures are occupy this morning as investors are expected to rally once the markets open in this country now that the fiscal cliff has been averted. that is on lead of al
. >>> the fiscal cliff is now a done deal. the house of representatives passed a senate bill that protects 99% of americans from an income tax hike. >> central premise of my campaign for president was to change the tax code that was too skewed toward the wealthy at the expense of working middle class americans. tonight we have done that. >> president obama is right now flying back to hawaii to resume the family vacation that he cut short to deal with the fiscal cliff. here...
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deal on the fiscal cliff. the president said he's not negotiating over it and the new congress began making it very clear that spending cuts will be what they focus on like a laser in the coming months as negotiations continue. mitch mcconnell look at the incoming class of house republicans as well who voted, many of them against the bill on friday that provided $9 billion in flood relief to sandy. they did it because there weren't spending cuts. >> jonathan, how is the fiscal cliff fight, how might that shape the debt ceiling fight for republicans? >> it's everything to them in terms of they feel as it was pointed out before that they didn't get the spending cuts they wanted. they see the debt ceiling coming up in the early couple of months of the year here as an opportunity for leverage to get those spending cuts that they didn't just get. the president of the united states says he's not going to play ball on that. he may unilaterally raise the debt and may lower the debt and there are a few options on the t
deal on the fiscal cliff. the president said he's not negotiating over it and the new congress began making it very clear that spending cuts will be what they focus on like a laser in the coming months as negotiations continue. mitch mcconnell look at the incoming class of house republicans as well who voted, many of them against the bill on friday that provided $9 billion in flood relief to sandy. they did it because there weren't spending cuts. >> jonathan, how is the fiscal cliff...
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the fiscal cliff deal moving the commodity marks as well. let's go a few blocks to the east and go to sharon epperson to the nymex. >> brian, happy new year to you. in oil and metals, we have brent crude prices rallying, pretty much across the board. when you look at the fact that the fiscal cliff deal was averted, and the risk on among the traders, brent crude prices approaching what we may see is a new technical level. above 112 lds a barrel. the next level to watch is $113.25. the 200 moving day moving average for the first time since september, we're looking at a high since september for u.s. oil futures and even gold prices are moving higher here. continuing this when we've seen 12 straight years for positive gains for the gold market. but traders say a key is the close above the 1,682 level. there is a down side to look at, and that is what happened to natural gas prices. natural gas prices hit a high overnight. we've seen heavy volume in a bit of a recovery here in natural gas prices. still, above normal temperatures are forecast for
the fiscal cliff deal moving the commodity marks as well. let's go a few blocks to the east and go to sharon epperson to the nymex. >> brian, happy new year to you. in oil and metals, we have brent crude prices rallying, pretty much across the board. when you look at the fact that the fiscal cliff deal was averted, and the risk on among the traders, brent crude prices approaching what we may see is a new technical level. above 112 lds a barrel. the next level to watch is $113.25. the 200...
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it says the fiscal cliff deal will decrease -- sorry. increase deficits by nearly $4 trillion over the next decade. the bulk comes from extending bush era tax cuts for almost every american. this is relative to where deficits would be if we fell completely off the fiscal cliff if congress had done nothing, let the bush tax cuts expired. allowed big spending cuts to come into effect. under this scenario a 2.$2.88 trillion would have been added to the deficit over ten years. falling off the fiscal cliff would have helped our debt position more but hurt the economy in the near term. most economists don't expect to us fall off the fiscal cliff. many expect them to cancel or weaken the fiscal cliff. this bill reduces deficits by about $650 billion. according to the committee for responsible federal budget. >> good news, bad news, maybe a little good news. >> you know when we're doing scores of bills from the cbo that we live in budget hell. >> ahead on "starting point," check this out. a man sleds into a freezing lake. >> yikes! >> his rescue
it says the fiscal cliff deal will decrease -- sorry. increase deficits by nearly $4 trillion over the next decade. the bulk comes from extending bush era tax cuts for almost every american. this is relative to where deficits would be if we fell completely off the fiscal cliff if congress had done nothing, let the bush tax cuts expired. allowed big spending cuts to come into effect. under this scenario a 2.$2.88 trillion would have been added to the deficit over ten years. falling off the...
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the phone call marked the first time they have talked on this issue since the fiscal cliff deal. the president said yesterday that it never should have gotten to this point. >> these automatic spending cuts that were put into place back in 2011 were designed to get congress to actually avoid them by coming together with more sensible approaches. >> reporter: yesterday the pentagon said if the cuts happen it'll furlough most of its 800,000 civilian work force. losing one day of work a week for up to 22 weeks would mean a cut of 20% in pay. military people would be exempt but. >> the across the board cuts to defense will harm our national security interests, will reduce our readiness. >> reporter: the cut also have a ripple affect across the nation. tsa agents could be furloughs meaning longer lines at security. 1,000 fbi and other agents off the job and 70,000 preschoolers dropped from head start. next week the president will hit the road to highlight what the white house called the real world impact of these cuts including lost jobs. abc news washington. >> now if an agreement is
the phone call marked the first time they have talked on this issue since the fiscal cliff deal. the president said yesterday that it never should have gotten to this point. >> these automatic spending cuts that were put into place back in 2011 were designed to get congress to actually avoid them by coming together with more sensible approaches. >> reporter: yesterday the pentagon said if the cuts happen it'll furlough most of its 800,000 civilian work force. losing one day of work...
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cliff deal. right now the dow down 23 points, the s&p and nasdaq slightly in negative territory. we'll be right back. morning starts in high spirits, but there's a growing pain in his lower back. as lines grow longer, his pain continues to linger. but after a long day of helping others, he gets some helpful advice. just two aleve have the strength to keep back pain away all day. today, jason chose aleve. just two pills for all day pain relief. try aleve d for strong, all day long sinus and headache relief. ♪ [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. if you're eligible for medicare, you might know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help pay some of the difference. and could sav
cliff deal. right now the dow down 23 points, the s&p and nasdaq slightly in negative territory. we'll be right back. morning starts in high spirits, but there's a growing pain in his lower back. as lines grow longer, his pain continues to linger. but after a long day of helping others, he gets some helpful advice. just two aleve have the strength to keep back pain away all day. today, jason chose aleve. just two pills for all day pain relief. try aleve d for strong, all day long sinus and...
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congress did reach a deal to keep our nation from plummeting off the so-called fiscal cliff so we are safe for now. at least sort of. last night, the house aeveryone proofed the not bill which presents major tax cuts from expiring on income below $400,000 for individuals and $450 for couples and delays the crippling cuts for only do months, and that means we could see yet another last-minute stand off before march 1. president obama vowed to sign the bill. the vote was not unanimous. many republicans in the g.o.p.-led house voted against the bill. many of them argued it does not do enough to curve spending. it saw more bipartisan support in the senate with only a handful of lawmakers in both parties voting "no." the debate was quite intense. mike emanuel is live on capitol hill where he has been following it. the bill had the votes to pass. what was the final pitch? >>reporter: extending the bush tax cuts for individuals making up to $400,000 and couples making up to $450,000, giving certainty and some permanence and avoiding taking the economy off the fiscal cliff. >> by making repub
congress did reach a deal to keep our nation from plummeting off the so-called fiscal cliff so we are safe for now. at least sort of. last night, the house aeveryone proofed the not bill which presents major tax cuts from expiring on income below $400,000 for individuals and $450 for couples and delays the crippling cuts for only do months, and that means we could see yet another last-minute stand off before march 1. president obama vowed to sign the bill. the vote was not unanimous. many...
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good news to investors as they respond to the fiscal cliff deal. long-term it might be a different story. lauren simonetti from the fox business network joins us to explain. good morning. >> good morning. good to see you. >> cold outside hot on wall street. the first trading day saw the dow biggest point gain in the year. all three indexes soared between 2 and 3 percent. it is likely the fiscal cliff lieu fore yaw soared today talking the next fiscal cliff about the debt ceiling and cut government spending. some investors remain bullish. as january goes so goes the year. we could see 10 percent returns for stocks in 2013 pending washington figures everything out. >> 2013 expecting to be good years for auto sales. >> auto americas are out for sales figures. expected to be good 14 and a half million for forecast of last year's sales. that would be the strongest performance since 2007. they will top 15 million this year. that will be led by big pickup trucks and helps pilots of new models coming to the market. that optimistic forecast hinges on washin
good news to investors as they respond to the fiscal cliff deal. long-term it might be a different story. lauren simonetti from the fox business network joins us to explain. good morning. >> good morning. good to see you. >> cold outside hot on wall street. the first trading day saw the dow biggest point gain in the year. all three indexes soared between 2 and 3 percent. it is likely the fiscal cliff lieu fore yaw soared today talking the next fiscal cliff about the debt ceiling and...
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. $600 billion in tax hikes agreed to in the fiscal cliff deal. paul ryan might have voted in favor of the fiscal cliff deal. many republicans did not. take a look at how congressman jason chaffetz from utah responded to it this morning. let's watch here. another little wrinkle. >> did you vote against the fiscal cliff deal? >> yeah, i did. i did. >> is this budget going to assume the $600 billion in new revenue in the fiscal cliff deal? >> we haven't gotten to the final product. paul has not yet released it. it potentially will. >> do you think it should? >> i want to look at it in its totality. look, at the end of the day you actually have to put numbers on piece of paper and achieve balance. >> joy, david, you know this as well. republican party for years going way back to the reagan at administration trying to make it clear they're the party of -- they don't, since the old days of eisenhower, back before them, bob dole, people like that, jerry ford, when they really did believe the main purpose of budgeting was to balance it. they now believe
. $600 billion in tax hikes agreed to in the fiscal cliff deal. paul ryan might have voted in favor of the fiscal cliff deal. many republicans did not. take a look at how congressman jason chaffetz from utah responded to it this morning. let's watch here. another little wrinkle. >> did you vote against the fiscal cliff deal? >> yeah, i did. i did. >> is this budget going to assume the $600 billion in new revenue in the fiscal cliff deal? >> we haven't gotten to the final...
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i'm laying off 20 people because of the deal on the fiscal cliff, because the deal on the fiscal cliff includes all the taxes on obamacare. >> small businesses, really, are in the cross-hairs here. they're in a lot of trouble. you know, it will, you would be real reluctant to grow your people more than 50 employees because of all the different laws, taxes and fiscal cliff, obamacare and things like that. i think one of the big problems, a lot of people don't realize, a lot of workers don't end up on medicaid and medicaid. that means up to 11 million workers end up on medicaid over the course of the next year or so. states can't afford that. first of all not the greatest of insurance policies if you will, but states imagine, 11 million more people on medicaid and states --. bill: huge burden. big price on that. obamacare taxes are in place now, matt, but the law doesn't go into effect for another year. >> but we're --. bill: when has this ever happened before? >> well, seeing changes already. that is kind of scary to me. we're 12 months out. what happenone year from now a lot of compani
i'm laying off 20 people because of the deal on the fiscal cliff, because the deal on the fiscal cliff includes all the taxes on obamacare. >> small businesses, really, are in the cross-hairs here. they're in a lot of trouble. you know, it will, you would be real reluctant to grow your people more than 50 employees because of all the different laws, taxes and fiscal cliff, obamacare and things like that. i think one of the big problems, a lot of people don't realize, a lot of workers...
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fiscal cliff deal, but, of course, our troubles are far from over. we'll be continuing to follow that story coming up. >>> good morning, everyone, it is wednesday, january 2nd, 2013. i'm sarah simmons. >> i'm wisdom martin. let's get right over to what's happening outside in the weather world. and for that we say hello once again to tucker barnes. >> hi. >> good morning. >> good morning. >> everybody headed back to work and school, at least parts of the area. >> get the seat warmers going. >> get the seat warmers going. 30s to start your day. here's a big change from yesterday. we'll have more sunshine than we've seen in the last couple of days. so it should be fairly nice looking out the window. still on the cold side. highs only about 40, maybe 42. let's go right to radar. we've had a few light showers and sprinkles overnight south and east. you're getting it across the bay down towards cambridge and ocean city. i'm looking at the last 15 minutes or so, looks like the last of it has exited to the east. so quiet conditions area wide here. cloud cove
fiscal cliff deal, but, of course, our troubles are far from over. we'll be continuing to follow that story coming up. >>> good morning, everyone, it is wednesday, january 2nd, 2013. i'm sarah simmons. >> i'm wisdom martin. let's get right over to what's happening outside in the weather world. and for that we say hello once again to tucker barnes. >> hi. >> good morning. >> good morning. >> everybody headed back to work and school, at least parts of the...
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the fiscal cliff deal was an increase in taxes. that's what it was. what happened to driving the debate? >> but the thing is, erin, we're still driving the debate. before the tea party movement was here, no one was talking about spending cuts. everybody, you know, was going about washington business as usual. we have absolutely driven that debate. and we're not going to give up. in august of 2011, we had the big debt ceiling debate, we're going to have another one. at the end of the day, we have to rein in the spending, we have $16 trillion in debt. most people cannot fathom how much even $1 million is let alone a trillion. so when we have $16 trillion in debt and we're spending $1.4 trillion or $1.6 trillion more every single year than we're bringing in, it is a real issue that needs to be dealt with. and the bottom line is, these people, it doesn't matter what party they're in, they're going to washington, they're being elected by we, the people, they work for us and they're going to washington and not doing their job. this fiscal cliff deal, they h
the fiscal cliff deal was an increase in taxes. that's what it was. what happened to driving the debate? >> but the thing is, erin, we're still driving the debate. before the tea party movement was here, no one was talking about spending cuts. everybody, you know, was going about washington business as usual. we have absolutely driven that debate. and we're not going to give up. in august of 2011, we had the big debt ceiling debate, we're going to have another one. at the end of the day,...
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cliff deal. he didn't sign it with his own hand but used an auto pen back in washington. in a video to supporters, the president held the deal which raises tax hikes on high incomes. >> we now raise the rates permanently, making it more aggressive than it's been in past decades. what we fought for in 2012 we've got to fight for just as hard in 2013. so when i take the oath of office this month i'll be as determined as ever and i'm glad i've got you by myside. >> reporter: with another battle up ahead, the president is spending over $3 million for his second round trip to hawaii. and that's only for on rating air force one. it doesn't include the dozens of personnel and the secret agents who guard his ocean-front compound. the president will be here three more days. he's getting a wreefing from national security and spending time with family and yesterday he man anded to find sick hours on the golf course. >> wow, six hours. >>> one of the jobs is voting on funding for superstorm sandy. elaine qui
cliff deal. he didn't sign it with his own hand but used an auto pen back in washington. in a video to supporters, the president held the deal which raises tax hikes on high incomes. >> we now raise the rates permanently, making it more aggressive than it's been in past decades. what we fought for in 2012 we've got to fight for just as hard in 2013. so when i take the oath of office this month i'll be as determined as ever and i'm glad i've got you by myside. >> reporter: with...
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now, the fiscal cliff deal, they didn't have a majority of the majority. the hastert rule got shredded. >> what about the norquist commitment? that got shredded pretty -- >> there's a loophole on that. joosk. >> of course. >> midnight dispensation. >> that was what norquist tweeted. on this rule, what we have now is a precedent for boehner using a much smaller group of more reasonable republicans to vote with the democrats. that's what happened on the fiscal cliff. so as long as he can not go through the folly of trying to get back to the hastert rule and just work with the democrats, they might be able to actually get some things done. and the reason he might do it, the reason he might do it is what he was worried about is if he had lost today, he would have been the shortest serving speaker in history. >> he would. >> now at least he's got a full four years. he won't be humiliated and he might want to do some business -- >> david, do you want to challenge that analysis? >> i think he's still up for the saddest speaker in history. >> that's true. >> if no
now, the fiscal cliff deal, they didn't have a majority of the majority. the hastert rule got shredded. >> what about the norquist commitment? that got shredded pretty -- >> there's a loophole on that. joosk. >> of course. >> midnight dispensation. >> that was what norquist tweeted. on this rule, what we have now is a precedent for boehner using a much smaller group of more reasonable republicans to vote with the democrats. that's what happened on the fiscal cliff....
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that fiscal cliff deal, well it is laidened with billions of dollars worth of pork. today we asked you on the yahoo! finance.com question, is pork the only way to pass important lemgs lags these dayes. 25% say sadly it is the only way to get things done in washington. 3% say acceptable in extreme measures but 72% of you say that pork should be banned. >> let's see what is coming up on "street signs." they always deliver the bacon. mandy? >> hi, sue. congress approved the initial $9.7 billion to go towards sandy insurance claims this morning. we had congressman greg meeks in support of that. we have another guest who said congress voted no. it is going to be an amazing debate. the euro turns 14 today. happy birthday, euro. has it been a success? what would it cost you, and i'm not just talking about the initial outlay, but upkeep, garden webs staff, dresses, everything that goes with it, well talk about that with robert frank as well. back to you on "power lunch." >> can't wait for that one, mandy. thank you very much. this is a booming section of the tobacco industry
that fiscal cliff deal, well it is laidened with billions of dollars worth of pork. today we asked you on the yahoo! finance.com question, is pork the only way to pass important lemgs lags these dayes. 25% say sadly it is the only way to get things done in washington. 3% say acceptable in extreme measures but 72% of you say that pork should be banned. >> let's see what is coming up on "street signs." they always deliver the bacon. mandy? >> hi, sue. congress approved the...
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of course they're talking about the profile of vice president joe biden negotiating a fiscal cliff deal. >>> we'll be back with a live update on traffic and weather in 25 minutes. >>> you can get updates by visiting wusa9.com. >>> thanks for waking up with us. we'll see you back here tomorrow morning at 4:25. have a grt
of course they're talking about the profile of vice president joe biden negotiating a fiscal cliff deal. >>> we'll be back with a live update on traffic and weather in 25 minutes. >>> you can get updates by visiting wusa9.com. >>> thanks for waking up with us. we'll see you back here tomorrow morning at 4:25. have a grt
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is a fiscal cliff deal is now a done deal. late last night the congress and white house hammered out a deal. the house of representatives passed a senate bill that protects 99% of americans from an income tax hike. >> a central premise of my campaign was to change the tax code. that was too skewed toward the wealthy at the expense of working middle class americans. tonight we done have that >> president obama is right now as we speaking flying back to hawaii. he's resuming the family vacation he cut short in order to deal with that fiscal cliff. here are some of the details of the fiscal cliff deal that was passed last night. a perm extension of previous tax cut for all taxpayers expect for individuals that make $400,000 a year or couples that make more than $450,000. the bill continues unemployment benefits for long-term jobless. and postpones a decision on controversial spending cuts for two months. even though congress acted to avert income tax hikes on most americans, your paycheck will still shrink in 2013. ktvu janine de
is a fiscal cliff deal is now a done deal. late last night the congress and white house hammered out a deal. the house of representatives passed a senate bill that protects 99% of americans from an income tax hike. >> a central premise of my campaign was to change the tax code. that was too skewed toward the wealthy at the expense of working middle class americans. tonight we done have that >> president obama is right now as we speaking flying back to hawaii. he's resuming the...
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you had speaker boehner going one way on the fiscal cliff deal. you had majority leader eric cantor going another way. there seems to be a split inside the party. >> and you hear it in the grassroots. you hear it all across the country. the republican party historically has been against raising taxes. but viewers should know that 98.5% of americans are going to get a permanent tax cut and that even grover norquist the leader in the anti-tax movement has said that this isn't a tax increase. you're correct, that there are schisms within the gop that did not exist before but that's what a new congress does. and if the focus turns from tax policy to spending i think that you'll find that the republicans will unite. >> yeah, but i think part of the criticism as you know frank, is that here's a republican party that agreed to tax cuts but got no spending cuts and no entitlement reform out of this president, that it wasn't a great deal after all. >> and that's -- and the american people would agree with that. norah, you're correct. and so they're going t
you had speaker boehner going one way on the fiscal cliff deal. you had majority leader eric cantor going another way. there seems to be a split inside the party. >> and you hear it in the grassroots. you hear it all across the country. the republican party historically has been against raising taxes. but viewers should know that 98.5% of americans are going to get a permanent tax cut and that even grover norquist the leader in the anti-tax movement has said that this isn't a tax...
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jim newsel, you called the fiscal cliff deal to this point a fiasco. what had your high expectations for what's to come on the spending and the debt limit that they have to deal with in the next couple of months? >> i don't have very high expectations. >> i didn't think so. >> i mean, i think at this point in time we're seeing history we pete itself and why congressman congressman brooks voted against the deal. congratulations on being sworn in again today, congressman brooks. >> thank you. >> but i think mo is right. you know, the taxes have been -- have been settled. whether he voted for them or not, taxes are settled. it's now on to entitlement reform and spending, and historically whether it's in reagan or bush or even in clinton, there were very few opportunities for cutting real spending or reforming entitlements that went along with tax increases, and that's what needs to happen. you've got to drop the -- and bend the growth curve in entitlement spending if you're going to have any chance at all in getting back to any sustainability on the debt,
jim newsel, you called the fiscal cliff deal to this point a fiasco. what had your high expectations for what's to come on the spending and the debt limit that they have to deal with in the next couple of months? >> i don't have very high expectations. >> i didn't think so. >> i mean, i think at this point in time we're seeing history we pete itself and why congressman congressman brooks voted against the deal. congratulations on being sworn in again today, congressman brooks....
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rick: the senate reaching a deal overnight to avert the fiscal cliff. so who are the winners and who are the losers? a fair and balanced debate on that. >> it's not something that any of us would say, oh, i love it. i don't love it, but i think it is a very good job of negotiating where there are some wins and some losses. new prilosec otc wildberry is the same frequent heartburn treatment as plosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberry. [ male announcer one pill each morning. 2hours. zero heartburn. satisfaion guaranteed or your money back. heather: welcome back and happy new year. thousands of people welcoming in 2013 in key west, florida, with the drop of a shoe. take a look at this. have you heard about this tradition? the annual drag queen drop, yea
rick: the senate reaching a deal overnight to avert the fiscal cliff. so who are the winners and who are the losers? a fair and balanced debate on that. >> it's not something that any of us would say, oh, i love it. i don't love it, but i think it is a very good job of negotiating where there are some wins and some losses. new prilosec otc wildberry is the same frequent heartburn treatment as plosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a...
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cliff deal actually sets up another fiscal cliff. here in two months, you guys -- you kicked the can down the road about 60 days where you'll have to address the sequester in 60 days. the gigantic defense and domestic cuts, and then have to do something about the debt ceiling, which, the good news for the republicans, is you've actually got some leverage over the president when it comes to then cutting spending. >> yeah, right. i've heard this story before. the fact is, steve, two months from now the president and the democrats in the house and the democrats in the senate are all going to be talking about higher corporate taxes or higher taxes somewhere on, quote, the rich, in order to pay for not having sequestration. you haven't heard it yet because the president wants to get to hawaii and finish his hometown vacation, but the fact is that you heard it last night on the floor when chairman camp tried to say, finally we brought finality to the taxes. of course, immediately 11 got up and said no, no, no, no. you're not done. there is
cliff deal actually sets up another fiscal cliff. here in two months, you guys -- you kicked the can down the road about 60 days where you'll have to address the sequester in 60 days. the gigantic defense and domestic cuts, and then have to do something about the debt ceiling, which, the good news for the republicans, is you've actually got some leverage over the president when it comes to then cutting spending. >> yeah, right. i've heard this story before. the fact is, steve, two months...
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the bad part of the fiscal cliff deal is that it didn't do anything on spending. the vote that we had to make was do we sort of say, oh, let's shoot the hostage and have taxes go up on every american, or take this and live to fight another day? some people don't get that. >> let me ask you about some of the freshmen in congress. we had a man, big smile on his face, joaquin castro, who talked a little bit about how this might be intimidating at first. this is what he told us. >> it's a little bit daunting and i think this freshman class that's coming in, seven new members, democrats and republicans, have learned a lot over what happened the last few weeks with the fiscal cliff debacle, and you have a lot of folks coming in, committed to doing a better job quite frankly and making a real effort in earnest to come up with an agreement, compromise and being reasonable lawmakers. >> we were talking to him, overwhelmed by the optimism, refreshing to hear. been newly sworn in. do you think the optimism lasts? how long does it last? what do you think? >> i mean, they will
the bad part of the fiscal cliff deal is that it didn't do anything on spending. the vote that we had to make was do we sort of say, oh, let's shoot the hostage and have taxes go up on every american, or take this and live to fight another day? some people don't get that. >> let me ask you about some of the freshmen in congress. we had a man, big smile on his face, joaquin castro, who talked a little bit about how this might be intimidating at first. this is what he told us. >> it's...
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he teamed up with vice president biden to get the fiscal cliff deal done. now mitch mcconnell is gearing up for a showdown with the president over government spending and the debt. in a yahoo! news op-ed, mcconnell says now the controversy turns to cutting spending on the government programs that are the real source of the nation's imbalance and the upcoming debate on the debt limit is the perfect time to have that discussion. the president may not want to have a fight about government spending over the next few months but it's a fight he's going to have pause it's a debate the country needs. >>> three days after being admitted to a new york hospital to treat a blood clot, secretary of state hillary clinton has been discharged. she was spotted walking on the campus of new york presbyterian yesterday. she was accompanied by bill clinton and their daughter, chelsea. in a statement the state department said, quote, clinton's medical team advised her that she is making good progress on all fronts and they are confident she will make a full recovery. the secreta
he teamed up with vice president biden to get the fiscal cliff deal done. now mitch mcconnell is gearing up for a showdown with the president over government spending and the debt. in a yahoo! news op-ed, mcconnell says now the controversy turns to cutting spending on the government programs that are the real source of the nation's imbalance and the upcoming debate on the debt limit is the perfect time to have that discussion. the president may not want to have a fight about government spending...
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fiscal cliff. the dow jumped 232 points at the opening bell and then kept soaring, gaining more than 308 points by closing time. and abc's bianna golodryga is here to tell us about american retirement accounts and if this bounce is expected to last. >> reporter: good evening, diane. as one trader just told me moments ago, there was a huge sigh of relief on wall street today. investors liking what they heard from washington overnight a lot. the dow jones up 300 points the largest gain the market has seen in over a year. if you combine today's 300-plus jump with the additional 166 points from new year's eve, the blue chips had their biggest point gains ever for the last day and first day of any year. >> we saw a relief rally, with the deal being done. >> reporter: all 30 dow jones stocks were up and more than 90% of the s&p 500. the markets were optimistic that the economy wouldn't fall into recession after congress agreed to a deal that prevented most tax increases and postponed painful government s
fiscal cliff. the dow jumped 232 points at the opening bell and then kept soaring, gaining more than 308 points by closing time. and abc's bianna golodryga is here to tell us about american retirement accounts and if this bounce is expected to last. >> reporter: good evening, diane. as one trader just told me moments ago, there was a huge sigh of relief on wall street today. investors liking what they heard from washington overnight a lot. the dow jones up 300 points the largest gain the...
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there was optimism about a fiscal cliff deal. ads during theger super bowl. the commercials are selling at a record rate. did you get a pair of ugg bootts for christmas? uggs were the most search for president last year. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> 5:23. it is the time of season for ravens fans to gear up for the playoffs. look for the golden logo. >> don't forget to e-mail us your response to our water cooler question of the day. do you think having an armed police officer at each school in a district would increase safety? you can share your response at wbaltv.com and on our facebook page, or send us an e-mail to watercooler@wbaltv.com. >> we are four days away from the ravens first postseason game of the season. you have a chance to win some tickets. >> 298 smaller logos were painted throughout baltimore including two golden logos. >> if you find one of the gold logos and take a picture of yourself with it, you have a chance to win tickets to sunday's games with the colts. >> such fun. 5:26. lawmak
there was optimism about a fiscal cliff deal. ads during theger super bowl. the commercials are selling at a record rate. did you get a pair of ugg bootts for christmas? uggs were the most search for president last year. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> 5:23. it is the time of season for ravens fans to gear up for the playoffs. look for the golden logo. >> don't forget to e-mail us your response to our water cooler question of...
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they attribute that to an improving economy and to the fiscal cliff deal. veronica. >> tracie potts, thank you. >>> a major decision expected from the boy scouts of america. national board members set to vote on whether to lift the decade long ban on guy leaders and scouts. it comes after a meeting at the texas headquarters. it is a controversial issue from both sides and putting one of the largest youth organizations under a microscope. scouting should be open to everyone. texas governor rick perry expressed the opposite opinion. board members choose to scrap the policy, local scout units will be able to decide for themselves on whether or not to admit gays to the rankings. >>> on the heels of the boy scouts decision, the pentagon is announcing a policy shift for guy service members and partners. leon panetta expected to extend benefits to partners of personnel. it remains doubtful that medical, down theal and housing allowances are offered under the new proposal. an extension of those benefits require the repeal of the 1996 defense of marriage act. >>> he
they attribute that to an improving economy and to the fiscal cliff deal. veronica. >> tracie potts, thank you. >>> a major decision expected from the boy scouts of america. national board members set to vote on whether to lift the decade long ban on guy leaders and scouts. it comes after a meeting at the texas headquarters. it is a controversial issue from both sides and putting one of the largest youth organizations under a microscope. scouting should be open to everyone. texas...
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cliff deal and its aftermath. a lot of liberals in the house voted against this deal. many liberals said they thought it gave up too much, that the president conceded too much when you didn't have to. are you in that camp? do you think there was too much given up, politically speaking, or not? >> no, i really don't, chris. i think we're mistaken if anybody thinks that the president and, the way i look at it, the same members of congress have lost leverage in the next debate. the fiscal cliff, if it's communicated properly, the ramifications of not extending the debt ceiling, i'm sorry, in a couple months are so disastrous for the economy, we would be back, essentially, in 2009, where we were losing 700,000 jobs a month. because, essentially, once we reach that deadline, if we don't extend the debt ceiling, 28% of all federal spending, roughly, goes away. disappears. that's 6% or 7% of the entire economy. so the people would have to understand that. and i think many republicans do. so i'm not sure that's much lever
cliff deal and its aftermath. a lot of liberals in the house voted against this deal. many liberals said they thought it gave up too much, that the president conceded too much when you didn't have to. are you in that camp? do you think there was too much given up, politically speaking, or not? >> no, i really don't, chris. i think we're mistaken if anybody thinks that the president and, the way i look at it, the same members of congress have lost leverage in the next debate. the fiscal...
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arguments continue over the so-called "fiscal cliff" deal approved this week in the fina minutes of the 112th congress. and religious groups are among those weighing in. the family research council criticized the deal for not including spending cuts and entitlement reforms. meanwhile, leaders of the christian group bread for the world said while the measure isn't perfect, they believe it will "prevent major economic damage that would have affected hungry and poor people the most." >>> the new 113th congress, which was sworn in thursday, includes seval religious firsts. democrat tulsi gabbard of hawaii is the first hindu member of congress. mazie hirono also of hawaii, is the first buddhist senator, although she describes herself as non-practicing. and kyrsten sinema, a democratic representative from arizona, is the first member of congress to publicly describe her religion as "none." joining me with more on the new congress is our managing editor kim lawton. kim? >> there was another religious first this week as well. the new hindu member of congress was actually sworn in with the bhaga
arguments continue over the so-called "fiscal cliff" deal approved this week in the fina minutes of the 112th congress. and religious groups are among those weighing in. the family research council criticized the deal for not including spending cuts and entitlement reforms. meanwhile, leaders of the christian group bread for the world said while the measure isn't perfect, they believe it will "prevent major economic damage that would have affected hungry and poor people the...
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house speaker john bane they are afternoon said republicans raised taxes in the fiscal cliff deal and will not again to avoid the automatic budget cuts known as the sequester. >> the president says we have to have another tax increase in order avoid the sequester. well mr. president you got your tax increase. it's time to cut spending here in washington. >> reporter: irritation with ever more frequent budget showdowns is growing and none of the key players are talking to each other. there's every indication that washington's string of dramatic 11th hour compromises will soon be broken. >> pelley: major, thank you. we thought you'd like to see how much of a cut all of this really is. the whole federal budget is more than $3.5 trillion. the budget cut that would start on friday is $85 billion so that's a cut of 2.4% of the budget. but a lot of big programs such as social security are exempt from the cuts so the cuts will be focused in this way: defense will be cut back 7.7% and most other programs will be cut 5.2%. here's the trouble: the law does not allow bureaucrats to decide where t
house speaker john bane they are afternoon said republicans raised taxes in the fiscal cliff deal and will not again to avoid the automatic budget cuts known as the sequester. >> the president says we have to have another tax increase in order avoid the sequester. well mr. president you got your tax increase. it's time to cut spending here in washington. >> reporter: irritation with ever more frequent budget showdowns is growing and none of the key players are talking to each other....
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we're talking about the fiscal cliff deal. aft we'll talk about the political fallout with people in the room. steve israel. marsha blackburn. jen psaki. and what about the money hinted this? economist diane swonk, we'll talk with her as well and after a national outcry, an attorney has stopped a lawsuit over the shooting at newtown elementary school. why he filed the suit in the first place and where it stands now. >>> amazing video. a rescue attempt goes awry. a sledder fell into an icy lake this is ma helm. one man able to use a rope, get everyone out. amazing video. we'll talk about the whole thing and that man helped get the man out of the water, he'll be here live. >> great. >> i was watching that. i thought it was a joke at first. run weave the other after the other. >>> in los angeles, a photographer killed last night trying to get a shot of justin bieber. the man snapped pictures of a sports car he thought the popstar was in and then struck and killed while crossing a freeway to get back to his own car. in a statement
we're talking about the fiscal cliff deal. aft we'll talk about the political fallout with people in the room. steve israel. marsha blackburn. jen psaki. and what about the money hinted this? economist diane swonk, we'll talk with her as well and after a national outcry, an attorney has stopped a lawsuit over the shooting at newtown elementary school. why he filed the suit in the first place and where it stands now. >>> amazing video. a rescue attempt goes awry. a sledder fell into an...
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a deal is gone on the fiscal cliff. the president warns there will be no more arguments over the debt ceiling. >>> shares in hong kong and australia hit 19-month highs as the cliff is averted for now. european equities continue their rally, as well, despite a worsening of the contraction in eurozone factory activity. >>> we had the final print of eurozone pmis today out for manufacturing. they came in worse than expected. the contraction deepening in spain for 20 months in a row. the u.k. was better than expected. in the u.s. the house deal it avoid the fiscal cliff contains measures to avert the so-called dairy cliff. a lot of different cliffs. the agreement extends the u.s. farm bill by nine months. it had been set to expire monday without the temporary fix, dairy subsidies would have reverted to 1949 levels, meaning milk prices might have doubled to around $7 a gallon this year. congress has time to finalize a five-year, $500 billion farm bill that authorizes spending on crop subsidies and food stamps. still with us
a deal is gone on the fiscal cliff. the president warns there will be no more arguments over the debt ceiling. >>> shares in hong kong and australia hit 19-month highs as the cliff is averted for now. european equities continue their rally, as well, despite a worsening of the contraction in eurozone factory activity. >>> we had the final print of eurozone pmis today out for manufacturing. they came in worse than expected. the contraction deepening in spain for 20 months in a...
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that averted the fiscal cliff and he said talking to the politicians doesn't work. he says the timing has come to educate american public and teach them what. >> that our country is going to hell. yes, he made me say that. dick covass very much is a former ceo at wells fargo and joins us now. you're not happy. explain. >> well, the politicians have worked for the better part of this year and spent the entire month of december supposedly to try to fix some of our problems and reduce our deficit. i am stunned and shocked by basically nothing has been done. if you net out what happened with the increase in revenue and the offsets, we've increased and reduced our deficit by $40 billion a year with over a $1 trillion deficit, that's less than 4%, and i think what we need to do in terms of education is to look at our government more like a family. our government takes in about $2.2 trillion a year. it spends $3.8 trillion, and it has a $14.3 trillion deficit. let's just take all those zeros away and pretend that our government is a family. so this family earns 22,000 a ye
that averted the fiscal cliff and he said talking to the politicians doesn't work. he says the timing has come to educate american public and teach them what. >> that our country is going to hell. yes, he made me say that. dick covass very much is a former ceo at wells fargo and joins us now. you're not happy. explain. >> well, the politicians have worked for the better part of this year and spent the entire month of december supposedly to try to fix some of our problems and reduce...
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there is a lot of conjecture that the fiscal cliff deal got in the way. that there was a spending bill that republicans didn't like that was hard for them to swallow, and that following it up with the hurricane sandy bill, which was $60 billion in unpaid for spending, politically would have been uncomfortable to say the least and that republicans may not have been happy with that situation. we don't know the reasoning. certainly we know republicans don't like spending that isn't paid for, and there it was. we had two big bills right in a row. >> finally, the president leased a statement urging them to vote on this today. do we have any sense that that is something that is possible or likely, that the statement what tragedy strikes america comes together to support those in need. i surgery republicans in the house of representatives to do the same, bring this important request to a vote today and pass it without delay for our fellow americans. possible that could happen? >> reporter: no, it won't happen. the house is adjourned until 11:00 tomorrow, and we
there is a lot of conjecture that the fiscal cliff deal got in the way. that there was a spending bill that republicans didn't like that was hard for them to swallow, and that following it up with the hurricane sandy bill, which was $60 billion in unpaid for spending, politically would have been uncomfortable to say the least and that republicans may not have been happy with that situation. we don't know the reasoning. certainly we know republicans don't like spending that isn't paid for, and...
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house passed a deal to avert the so called "fiscal cliff". good morning and welcome to "washington journal" this wednesday, january 2, 2013. we would like to hear your thoughts on a bill that passed both houses of congress. here are the numbers to call -- you can also find us online. send us a tweet. or join the conversation on facebook. you can also e-mail us. the "washington times has this headline -- and in the washington post -- we would like to hear what you think about this bill. we will be digging into it more, going over some of the details. if to give us some perspective is pete, a staff writer with the the hill newspaper. thanks for being with us. guest: hi. host: they talk about the house republicans balked at first. what was the sticking point? guest: you used to just have to keep taxes low. but with the debt creeping up more and more, it is increasingly coming to play in our republicans think. when they first look at the deal yesterday the senate passed, they're looking at it when the cbo scores came out and the source said this
house passed a deal to avert the so called "fiscal cliff". good morning and welcome to "washington journal" this wednesday, january 2, 2013. we would like to hear your thoughts on a bill that passed both houses of congress. here are the numbers to call -- you can also find us online. send us a tweet. or join the conversation on facebook. you can also e-mail us. the "washington times has this headline -- and in the washington post -- we would like to hear what you think...
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Jan 3, 2013
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but that fiscal cliff deal is finally done and now it's officially signed by the president. president obama ordering the bill to be signed via autopen because he's back in hawaii celebrating the holidays with his family. the autopen is actually a device in washington, d.c. that replicates the president's significant. the president is also signing a $633 billion defense bill. that's for next year. >>> staying in washington, just minutes ago congress members voted to reelect john boehner as speaker of the house. this was a day after the fiscal cliff was officially averted. now that that's behind them, the new team has a new fight ahead of them. as nbc bay area's tracie potts reports from capitol hill, they already have a full plate. >> reporter: the 113th congress takes its oath this afternoon with 56 new democrats, 38 new republicans and a record number of women. the youngest, hawaii's tulsi gabbert. john boehner has announced the first order of business, a vote to provide billions to victims of superstorm sandy. >> the bottom line is that between friday morning and january 1
but that fiscal cliff deal is finally done and now it's officially signed by the president. president obama ordering the bill to be signed via autopen because he's back in hawaii celebrating the holidays with his family. the autopen is actually a device in washington, d.c. that replicates the president's significant. the president is also signing a $633 billion defense bill. that's for next year. >>> staying in washington, just minutes ago congress members voted to reelect john boehner...
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the fiscal cliff deal was the last piece of legislation considered by the 112th congress. the new congress is sworn in today, facing some of the same tax, spending, and debt issues that stymied their predecessor. tara mergener joins us. tara, good morning to you. >>> good morning, terrell. terrell, dozens of freshmen join the ranks today, but they face plenty of old business and the reality of a bitterly divided government. there will be fresh faces and new challenges when the 113th congress is sworn in today on capitol hill. >> it's a privilege and you realize that the hard part is still what lies ahead. >> the new term wil begin almost immediately with several issues left over from the last session, including a bill to provide financial relief for victims of superstorm sandy, deep spending cuts known as sequestration tabled during the fiscal cliffs talks this week, including a bill to increase the nation's debt limit, but it won't take much for them to surpass the previous group in terms of legislative success. >> they tell me this is the least productive congress in the
the fiscal cliff deal was the last piece of legislation considered by the 112th congress. the new congress is sworn in today, facing some of the same tax, spending, and debt issues that stymied their predecessor. tara mergener joins us. tara, good morning to you. >>> good morning, terrell. terrell, dozens of freshmen join the ranks today, but they face plenty of old business and the reality of a bitterly divided government. there will be fresh faces and new challenges when the 113th...
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you wouldn't have voted for that fiscal cliff deal i assume? >> no, i wouldn't. a lot of people aren't talking about a couple of things. one, a big payroll tax increase would hit millions of americans. >> would you have extended the payroll tax holiday? >> this is one of the principles i want to bring to bear. having temporary tax relief is a mistake. tax relief should be permanent. i would want to revisit how we handle the payroll taxes. i want to promote upward mobility in the country and i think we can raise revenue in a way that's more economically beneficial and that's part of the silver lining for me, even though i didn't like the deal going forward, we do have permanent tax rates so we can look forward to doing some pro-growth tax reform. but i'm not going to be somebody who is really going to want to entertain a temporary tax holiday or tax cut, because it ends up creating these manufactured prices, and hurts the certainty that i think individuals and businesses need to get our economy going. >>ith gone. it was meant to be temporary. it's gone. very hard
you wouldn't have voted for that fiscal cliff deal i assume? >> no, i wouldn't. a lot of people aren't talking about a couple of things. one, a big payroll tax increase would hit millions of americans. >> would you have extended the payroll tax holiday? >> this is one of the principles i want to bring to bear. having temporary tax relief is a mistake. tax relief should be permanent. i would want to revisit how we handle the payroll taxes. i want to promote upward mobility in...
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. >>> late last night house lawmakers approved a fiscal cliff deal. it will avoid tax hikes for middle class americans and delays across the board spending cuts. >> the bill is now on its way to president obama who is expected to sign the bill into law. fox 5's melanie alwick is live on capitol hill this morning with a closer look at the deal. melany. >>reporter: wisdom, you know, it was definitely a nailbiter all day here on capitol hill, despite the bipartisan approval in the senate early on new year's day, passage in the house was definitely not certain, and as the evening wore on, hill watchers were starting to get a little nervous. it was literally the 11th hour, 11:00 last night when house speaker john boehner finally put the senate version up for a vote. it passed 257-167 with mostly democratic support. for much of the day house republicans argued over whether to change the bill by tacking on spending cuts and send it back to the senate. senate leaders warned that would blow apart the entire deal. now, the bill means that taxes will only go up
. >>> late last night house lawmakers approved a fiscal cliff deal. it will avoid tax hikes for middle class americans and delays across the board spending cuts. >> the bill is now on its way to president obama who is expected to sign the bill into law. fox 5's melanie alwick is live on capitol hill this morning with a closer look at the deal. melany. >>reporter: wisdom, you know, it was definitely a nailbiter all day here on capitol hill, despite the bipartisan approval in...
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so on the fiscal cliff which did pass president obama has said you know, i want a big deal. i want a comprehensive deal. i don't want a mickey mouse thing. i don't want to go step by step. i want it all in one package where we take care of the fiscal cliff. and the debt ceiling. and the sequester. all at one time. >> yes. wouldn't that have been amazing. >> bill: we didn't get close to that. >> no, we really didn't at all. the sequester was only put off for two months. we'll be dealing with that again shortly. the debt ceiling of course, we'll have to deal with in february or march. then we also have this continuing resolution coming up to fund the government. so it's going to be like this for the foreseeable future. it is going to be one crisis after the other. >> bill: is there any hope, should americans have any hope that the next congress will be anymore productive than the last one? >> unfortunately, i don't think that will be the case because within the house at least you have more conservative republicans coming in. there's no indication that the caucus will get any l
so on the fiscal cliff which did pass president obama has said you know, i want a big deal. i want a comprehensive deal. i don't want a mickey mouse thing. i don't want to go step by step. i want it all in one package where we take care of the fiscal cliff. and the debt ceiling. and the sequester. all at one time. >> yes. wouldn't that have been amazing. >> bill: we didn't get close to that. >> no, we really didn't at all. the sequester was only put off for two months. we'll...
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despite the tax hikes from the fiscal cliff deal. listen. >> no, no. >> revenue side of it taken care of? >> no, it's not. we're talking about looking at the tax code and putting everything on the table from the standpoint of closing loopholes and we know that we can do that. >> molly henneberg is live in washington. molly, what do we know about the president's strategy going forward? >> shannon instead of trying negotiations, president obama is drawing some very public lines in the sand over fiscal fights to come. likely trying to win over american support with more public campaign style tactics. on the debt ceiling essentially the credit card limit shall the president is calling on congress to raise that ceiling without a fight. >> one thing i will not compromise over is whether or not congress should pay the tab for a bill they've already wracked up. if congress fuses to give the united states ability to pay for bills on time. the consequence could be sc catastrophic. the last time our families and businesses suffered for it. >> c
despite the tax hikes from the fiscal cliff deal. listen. >> no, no. >> revenue side of it taken care of? >> no, it's not. we're talking about looking at the tax code and putting everything on the table from the standpoint of closing loopholes and we know that we can do that. >> molly henneberg is live in washington. molly, what do we know about the president's strategy going forward? >> shannon instead of trying negotiations, president obama is drawing some very...
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Feb 19, 2013
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they haven't recognized what the real problem is, and you saw that with the fiscal cliff deal. look. they had a deal that they put in place that had no spending cuts whatsoever, and here we finally have a bi-partisan deal, sequester, that actually was the idea of the president, it was the idea of the white house, it actually passed with bi-partisan support and now they're rejecting it a year and a half later. >> what i'm wondering is you know, you look at where we're going and we're looking at all the spending. we can't keep this up. he we just can't keep it up. >> no. >> if you were to take all the rich folks' money, it wouldn't be enough to sustain the type of spending forever. that's just a reality. the fact that the president and leading democrats said spending is not an issue, it's not a problem and along comes howard dean who says well, it might not be a problem, but to sustain what you're doing, you have to hit up the middle class. maybe they're waiting to drop that bombshell. what do you think? >> it's denial. it's wanting to keep the debate focused on taxes. the presid
they haven't recognized what the real problem is, and you saw that with the fiscal cliff deal. look. they had a deal that they put in place that had no spending cuts whatsoever, and here we finally have a bi-partisan deal, sequester, that actually was the idea of the president, it was the idea of the white house, it actually passed with bi-partisan support and now they're rejecting it a year and a half later. >> what i'm wondering is you know, you look at where we're going and we're...
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but the last-minute agreement only deals with half the fiscal cliff. the other half is $110 billion in across-the-board spending cuts to defense and domestic programs this year alone. negotiators destkaoeuded to postpone those cuts for two months setting the stage for another spending fight that republicans like bob-day-old of illinois are eager -- bob dold of illinois are eager to have. >> i for one hope that we can talking about reigning in the out-of-control spending but it won't happen with one party or the other. it's going to have to be about bipartisanship. >> reporter: that bipartisanship is going to get tested right away when the new congress, which gets sworn in tomorrow, has to take a vote some time in the next two months over whether to raise the debt ceiling. republicans say they want big entitlement cuts in exchange for their votes. the president, anthony, says he's not negotiating. >> mason: nancy, is speaker boehner in any trouble over all this? >> well, the speaker does come up for a vote tomorrow about whether he gets to keep his spea
but the last-minute agreement only deals with half the fiscal cliff. the other half is $110 billion in across-the-board spending cuts to defense and domestic programs this year alone. negotiators destkaoeuded to postpone those cuts for two months setting the stage for another spending fight that republicans like bob-day-old of illinois are eager -- bob dold of illinois are eager to have. >> i for one hope that we can talking about reigning in the out-of-control spending but it won't...
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cliff deal? >> well, first of all, it's just good to talk about some good news. i mean, i'm here in washington, d.c. people are depressed. it's like coming to a funeral. nothing is good in america. >> really? it's that bad? >> it's bad. listen, we did do some good things, and one of them is we got a bipartisan deal to keep our wind industry alive. there are 70,000 americans that woke up and went to work in the wind industry and they get to keep going on work. >> talk about the jobs. what does this mean exactly? what kinds of jobs are these, and how long do they last? this is an extension that's kind of short, yeah? >> you know, we really shouldn't be doing it year to year. we should do if in five-year chunks, but at least we move forward. china has already just cannibalized our solar industry because we didn't defend it, but we stepped up and defended the wind industry. what that means is people when you think about a wind turbine, you think it's like a windmill. no it's not. 8,000 finely machine
cliff deal? >> well, first of all, it's just good to talk about some good news. i mean, i'm here in washington, d.c. people are depressed. it's like coming to a funeral. nothing is good in america. >> really? it's that bad? >> it's bad. listen, we did do some good things, and one of them is we got a bipartisan deal to keep our wind industry alive. there are 70,000 americans that woke up and went to work in the wind industry and they get to keep going on work. >> talk...
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this was after a mass of jump yesterday because of the fiscal cliff deal. the dow closed up at 308 points. that was just over 2%. the dow now is that 13,000 for a 1913. if that is just 5% below its all-time high in october 2007. moody's investors service says that congress must, with its plan to shrink the budget deficit if it was to keep the u.s. government from losing its a credit rating. the credit rating agency says that it expects lawmakers will take the additional steps needed to lower the deficit, whic ha 100 which has toppled one trillion annually in each of the past four years. >> president obama has signed a bill to avoid the fiscal cliff into law. the president signed a bill last on wall on vacation with his family in hawaii. the house represented is passed a bill late tuesday night after it was approved by the senate. the new law preserves the bush era tax cuts for individuals are in less than $400,000. it also extends unemployment benefits. >> we will be right back. ♪ [ female announcer ] no more paper coupons. no more paper lists. [ dog bark
this was after a mass of jump yesterday because of the fiscal cliff deal. the dow closed up at 308 points. that was just over 2%. the dow now is that 13,000 for a 1913. if that is just 5% below its all-time high in october 2007. moody's investors service says that congress must, with its plan to shrink the budget deficit if it was to keep the u.s. government from losing its a credit rating. the credit rating agency says that it expects lawmakers will take the additional steps needed to lower...
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in a moment, we'll talk to alan simpson and erskine bowles about where they see the fiscal cliff deal leaving the country. they say it falls short. but first, the man who brokered the deal with the white house on behalf of the republicans and no doubt will be a key figure in the battles ahead, the top republican in the senate, mitch mcconnell. he joins me now. leader mcconnell, happy new year. welcome back to "meet the press." >> good morning, david. >> let me talk about a preview of coming attractions and the fights ahead, including the debt ceiling that was so bitterly contested back in the summer of 2011. here is something you said in august of 2011 that i wanted to show our viewers and have you respond to. you said then, i think some of our members may have thought the default on paying america's bills issue was a hostage you might take a chance at shooting. most of us don't think that. what we did learn is this. it's a hostage that's worth ransoming. is that the strategy for the coming fight over the debt ceiling? >> well, first, these last-minute deals are no way to
in a moment, we'll talk to alan simpson and erskine bowles about where they see the fiscal cliff deal leaving the country. they say it falls short. but first, the man who brokered the deal with the white house on behalf of the republicans and no doubt will be a key figure in the battles ahead, the top republican in the senate, mitch mcconnell. he joins me now. leader mcconnell, happy new year. welcome back to "meet the press." >> good morning, david. >> let me talk about a...
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this has been extended as part of the fiscal cliff deal. >> vera gibbons thanks. file early. >> not my favorite time of the year. >> 25 after the hour yet another health squacare for tv's barbar walters. >> this video might make your heart skip a beat. it goes horribly wrong. wait until you see how this one ends. on this date in 1936 the first inductees into the baseball hall of fame from announced including babe ruth. ♪ [ female announcer ] going to sleep may be easy, but when you wake up in the middle of the night it can be frustrating. it's hard to turn off and go back to sleep. intermezzo is the first and only prescription sleep aid approved for use as needed in the middle of the night when you can't get back to sleep. it's an effective sleep medicine you don't take before bedtime. take it in bed only when you need it and have at least four hours left for sleep. do not take intermezzo if you have had an allergic reaction to drugs containing zolpidem, such as ambien. allergic reactions such as shortness of breath or swelling of your tongue or throat may occur
this has been extended as part of the fiscal cliff deal. >> vera gibbons thanks. file early. >> not my favorite time of the year. >> 25 after the hour yet another health squacare for tv's barbar walters. >> this video might make your heart skip a beat. it goes horribly wrong. wait until you see how this one ends. on this date in 1936 the first inductees into the baseball hall of fame from announced including babe ruth. ♪ [ female announcer ] going to sleep may be easy,...
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his guests, a key player in the fiscal cliff deal that just passed, the senate minority leader mitch mcconnell. "this week with george stephanopoulos" coming up later this morning. paula, over to you. >> look forward to it, dan. >>> and a miraculous survival story this morning. look at this devastating car crash. a young mother and baby from maine were in that vehicle, and amazingly, the 6-month-old through 25 feet from the car and somehow survived. the chilling wreckage of a terrifying car crash. >> i just was praying that i would be okay. >> reporter: 18-year-old chynna blaney was driving to her mother's house thursday night with her 6-month-old son gabriel when the unimaginable happened. >> there was a stop sign that i was slowing down, and i wasn't going to make it. i was looking to make sure that nothing was going to hit me, and at that time that there's -- the car was hitting me. >> reporter: a collision with a pickup truck sent her baby gabriel flying from his car seat hurled out the window 25 feet into the air. >> i heard the lady yelling, there's a baby. i think the baby fle
his guests, a key player in the fiscal cliff deal that just passed, the senate minority leader mitch mcconnell. "this week with george stephanopoulos" coming up later this morning. paula, over to you. >> look forward to it, dan. >>> and a miraculous survival story this morning. look at this devastating car crash. a young mother and baby from maine were in that vehicle, and amazingly, the 6-month-old through 25 feet from the car and somehow survived. the chilling...
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. >> we will be waking up to a fiscal cliff finale this morning. a deal was done for most americans. >> hallie jackson has more live in our washington bureau. can we stop saying "fiscal cliff"? >> not just yet. we still have the battles ahead of us. the president is on his way to hawaii after thanking leaders overnight for coming to a deal. >> the motion is adopted. >> 2013 begins with a bang. there was the late night house vote. >> this was a monumental task, especially with the time growing short. >> most of us will not see higher income taxes except for families making more than $450,000. the tax policy center estimates three-quarters of americans will still pay a little more to the irs. the social security payroll tax cut is expiring. the bill extends unemployment benefits to the end of 2013. the president is now headed towards hawaii. he had hoped for more of a grand bargain. >> there wasn't enough support for a larger agreement. >> this measure sets up more battles moving forward, as house speaker john boehner promises to push reforms to the
. >> we will be waking up to a fiscal cliff finale this morning. a deal was done for most americans. >> hallie jackson has more live in our washington bureau. can we stop saying "fiscal cliff"? >> not just yet. we still have the battles ahead of us. the president is on his way to hawaii after thanking leaders overnight for coming to a deal. >> the motion is adopted. >> 2013 begins with a bang. there was the late night house vote. >> this was a...
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saying that we are in the fiscal cliff deal. $400 million for hollywood. $70 billion for nascar. money for electric motorcycle makers whatever that might be. >> greg: these are people that cam papeed through the video and commercials for raising taxes on the average americans or wealthy america americans. what they get now are tax exemptions for the movie industry. so they can make crappy movie. >> dana: promoting gun violence. >> bob: that is not taking the movies to canada. >> eric: do we need $1 gallon subsidy for algae growth? >> bob: $70 million for nascar. >> kimberly: i'm for the nascar money. >> greg: have you watched algae grow? >> kimberly: come to my apartment. >> bob: to watch algae grow? >> eric: time to go. coming up, if you are up with of the people who likes to pick up road kill, good news for you. dana is going to explain. later, antigun crowd in hollywood has a public service announcement. mr. gutfeld has an announcement. stick around. [ all ] 3, 2, 1... [ male announcer ] as the year counts down, your savings can add up with the adt new year's sale. help protec
saying that we are in the fiscal cliff deal. $400 million for hollywood. $70 billion for nascar. money for electric motorcycle makers whatever that might be. >> greg: these are people that cam papeed through the video and commercials for raising taxes on the average americans or wealthy america americans. what they get now are tax exemptions for the movie industry. so they can make crappy movie. >> dana: promoting gun violence. >> bob: that is not taking the movies to canada....
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the fiscal cliff deal. the debt ceiling situation of 2011. it was joe biden the president turned to. the president chose joe biden for a reason. a creature of the senate, he said at the lunch today, he will always be a senator. and joe biden is his brain trust, his institutional memory, there is the guy. >> and to get it done -- get it done there. i think he is the best vice president of my lifetime. because i don't think that dick cheney's effectiveness of torture is something -- >> for good or evil. >> and doesn't it also go to the kind of leader that barack obama has been, not only for the country, but for the democratic party. johnathan's point, joe biden was an early rival, who he said very inopportune statements about him. he is super excited if he is confirmed to take on this role. it is a different kind of democratic leadership. people who follow the democratic party on its ups and many downs remember how many other rivals and nominees have been left on the side of the road. and left, really to be seen as somehow an embarrassment, eve
the fiscal cliff deal. the debt ceiling situation of 2011. it was joe biden the president turned to. the president chose joe biden for a reason. a creature of the senate, he said at the lunch today, he will always be a senator. and joe biden is his brain trust, his institutional memory, there is the guy. >> and to get it done -- get it done there. i think he is the best vice president of my lifetime. because i don't think that dick cheney's effectiveness of torture is something --...
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two days after reaching that fiscal cliff deal and pressure is already on them to get back to work. the folks behind the fix, debt campaign campaign with print ads saying, hold the applause. i'm getting nods of agreement from mr. polcari. can a divided house get dem dprats missouri? democrat from tennessee, thank you, we appreciate you being here on "power lunch." >> it is good to be here. >> you voted no on the recent debate in congress. how do you plan to vote on the debt ceiling debate coming up? >> i think that depends upon what we will see will happen in the debt ceiling debate. obviously wbt reason i voted no on this bill is it did not do anything it fix the root of the fiscal problem. that is our spending is out of control. so i want to see that we are going to get some spending cuts and we will get true reform. that's what i want to see in this debate. >> how contentious is this debate going to be? you saw the volatility on wall street. you saw the angst in the consumer. some reflect fled the retail sales report because congress took us over that fiscal cliff. waited until t
two days after reaching that fiscal cliff deal and pressure is already on them to get back to work. the folks behind the fix, debt campaign campaign with print ads saying, hold the applause. i'm getting nods of agreement from mr. polcari. can a divided house get dem dprats missouri? democrat from tennessee, thank you, we appreciate you being here on "power lunch." >> it is good to be here. >> you voted no on the recent debate in congress. how do you plan to vote on the...
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he had been in a marathon for weeks trying to get this fiscal cliff deal done. he finally made it. he did it at the last minute. he was fried that night. he didn't have the political capital. he didn't have the energy, the emotional wherewithal to go through it all over again over sandy. did he mishandle it? absolutely. i'm sure if you asked john boehner if he mishandled it, he would say he could have handled it better. that being said, it's time to pass the page, let bygones be bygones. it's time to get moving. john boehner made amends. he got the bill passed the next day on friday, we're good. >> ana navarro, thank you so much. >> this past week, a photographer was killed chasing a car he thought justin beiber was driving. police say the man pulled over and walked across the street to snap photos. but as he walked back to his car, he was hit and killed by oncoming traffic. dennis, you led a push a few years back to regulate what paparazzi can and cannot do. after this tragedy, justin bieber said we need better laws to protect celebrities and also paparazzi. do you think this migh
he had been in a marathon for weeks trying to get this fiscal cliff deal done. he finally made it. he did it at the last minute. he was fried that night. he didn't have the political capital. he didn't have the energy, the emotional wherewithal to go through it all over again over sandy. did he mishandle it? absolutely. i'm sure if you asked john boehner if he mishandled it, he would say he could have handled it better. that being said, it's time to pass the page, let bygones be bygones. it's...
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we started the week with the fiscal cliff deal and people were popping champagne corks for a whole different reason and the markets went bananas and all of a sudden they didn't. is it that short-lived? >> it very well could be, because i mean, what wall street sees is what's coming down the pike. we're going to get hit other sort of cliffs, you know, on spending cuts and the debt ceiling, so that's what's worrying the market here. but if you look at how the jobs market held up in december, this is actually good, because you see the numbers. and one analyst tells me, they've pretty much held up through the fiscal cliff craziness, they could have taken a dive and they didn't, although today's report does show stagnation as far as retail jobs go, because retailers usually a sprite spot in december. we did see the number of jobs in retail fall, and that could be a reflection of what the fiscal cliff did to consumer confidence. you know, but when you look at the greater -- the broader market, there's no question, actually, that washington got in the way in bigger gains for december in the market
we started the week with the fiscal cliff deal and people were popping champagne corks for a whole different reason and the markets went bananas and all of a sudden they didn't. is it that short-lived? >> it very well could be, because i mean, what wall street sees is what's coming down the pike. we're going to get hit other sort of cliffs, you know, on spending cuts and the debt ceiling, so that's what's worrying the market here. but if you look at how the jobs market held up in...
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maria, what about the fiscal cliff deal? only part of it was settled, the spending cuts, sequester, as it's being called, delayed for a couple of months. who do you think won? >> i think the american people came out ahead. and all of those american families, 98% of americans and 97% of small businesses, whose taxes are not going to go up, thanks to that last-minute deal. let's remember that this president and democrats have never walked away from a negotiation, have never walked away from the prospect of a grand bargain. speaker boehner has now done that twice. and i can tell you, randi, i'm sure republicans are kicking themselves when a year and a half ago they could have taken a deal that would have included $3 of spending cuts for every dollar of revenue increases. and what they got in this fiscal cliff is certainly not something they're happy about. it is a very good deal for the american people. and i think president obama and the democrats and biden, and i think mitch mcconnell also deserves a lot of credit, as do sena
maria, what about the fiscal cliff deal? only part of it was settled, the spending cuts, sequester, as it's being called, delayed for a couple of months. who do you think won? >> i think the american people came out ahead. and all of those american families, 98% of americans and 97% of small businesses, whose taxes are not going to go up, thanks to that last-minute deal. let's remember that this president and democrats have never walked away from a negotiation, have never walked away from...
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Feb 16, 2013
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cliff deal that happened at the end of 2012. but it is already having an impact on economic growth. the commerce department says a large cut in federal spending, primarily on defense, cribbed to the 0.1% decrease in gdp. that's how we measure economic growth in the united states during the last three months of 2012. democrat, including the president, are pushing for more revenue, tacks, mostly from ending some tax breaks. republicans, of course, say bring on that fight. >> the president wants more tax hikes that destroy job s the democrat allies in the senate caught to take it up. this isn't what america are looking for and i think many in the president's own party won't support those ideas. >> senator john ny isaacson jois me, a former businessman, very reasonable guy. you were on this show in mid-january. we discussed the debt ceiling. you voted against the deal to suspend the debt ceiling with 34 of your fellow senators but it passed anyway. what yo do you need to see in a bill to avoid the sequester sometime between now and
cliff deal that happened at the end of 2012. but it is already having an impact on economic growth. the commerce department says a large cut in federal spending, primarily on defense, cribbed to the 0.1% decrease in gdp. that's how we measure economic growth in the united states during the last three months of 2012. democrat, including the president, are pushing for more revenue, tacks, mostly from ending some tax breaks. republicans, of course, say bring on that fight. >> the president...
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he returned on thursday in order to deal with the fiscal cliff. and we are still, by the way, waiting to hear exactly when the president will sign the deal. once again, live pictures. the president has just arrived in hawaii, and it looks like his suv there, right in front of air force one will be pulling away shortly from the tarmac and taking him back to a private rented villa where he's staying with his wife and two daughters and other family members. staying there for at least a few more days before coming back to washington, d.c. to return to the business athand. live pictures from honolulu, hawaii there. still very early in the morning. >>> meanwhile, the house of representatives managed to pass the senate bill that protects 99% of americans from an income tax increase. >> the central premise of my campaign was to change the tax code that was too skewed to the wealthy, at the expense of working middle-class americans. tonight we've done that. >> and again, there's no word yet on when president obama will sign the bill. here's some provisions
he returned on thursday in order to deal with the fiscal cliff. and we are still, by the way, waiting to hear exactly when the president will sign the deal. once again, live pictures. the president has just arrived in hawaii, and it looks like his suv there, right in front of air force one will be pulling away shortly from the tarmac and taking him back to a private rented villa where he's staying with his wife and two daughters and other family members. staying there for at least a few more...
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in a moment, we'll talk to alan simpson and erskine bowles about where they see the fiscal cliff deal leaving the country. they say it falls short. but first, the man who brokered the deal with the white house on behalf of the republicans and no doubt will be a key figure in the battles ahead, the top republican in the senate, mitch mcconnell. he joins me now. leader mcconnell, happy new year. welcome back to "meet the press." >> good morning, david. >> let me talk about a preview of coming attractions and the fights ahead, including the debt ceiling that was so bitterly contested back in the summer of 2011. here is something you said in august of 2011 that i wanted to show our viewers and have you respond to. you said then, i think some of our members may have thought the default on paying america's bills issue was a hostage you might take a chance at shooting. most of us don't think that. what we did learn is this. it's a hostage that's worth ransoming. is that the strategy for the coming fight over the debt ceiling? >> well,
in a moment, we'll talk to alan simpson and erskine bowles about where they see the fiscal cliff deal leaving the country. they say it falls short. but first, the man who brokered the deal with the white house on behalf of the republicans and no doubt will be a key figure in the battles ahead, the top republican in the senate, mitch mcconnell. he joins me now. leader mcconnell, happy new year. welcome back to "meet the press." >> good morning, david. >> let me talk about a...
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as you know, the recent fiscal cliff deal signed by the president extends the sgr through the end of the year. he and i have both said since the beginning of the term, temporary extensions are not good enough. we need to bring an end to the constant uncertainty for doctors and their patients. ultimately, only congress can pass a permanent sgr fix. this administration continues to be committed to doing what we can to make that happen. every deer that the president has been in office, his budget has included a long-term sgr fix. that is why i will continue to work with you in congress during this critical year for budget conversations that include the sgr fix. we also continue to believe that congress can and should take action to avoid the sequestration cuts that are scheduled to take effect in just a few weeks. the way those impact our department art that medicaid and chip programs are not affected by sequester cuts. they are held harmless. other essential programs across the department will be cut. everything from medical research to personnel and health clinics. medicare cuts up to
as you know, the recent fiscal cliff deal signed by the president extends the sgr through the end of the year. he and i have both said since the beginning of the term, temporary extensions are not good enough. we need to bring an end to the constant uncertainty for doctors and their patients. ultimately, only congress can pass a permanent sgr fix. this administration continues to be committed to doing what we can to make that happen. every deer that the president has been in office, his budget...
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they feel like it's part of the fiscal cliff deal. they did not get the spending cuts that they want. did they not get chicaany chang the federal health programs. they say, well, if this is the way to get spending cut and tackle the deficit immediately, we're willing to and see what is happening. >> thank you, nancy. >>> that's a wrap at this hour. of "weekends with alex witt." join me for a two-hour edition of the show at noon eastern. but straight ahead, more political talk with "up with chris hayes." among his special guests, gloria steinem and marlo thomas. stay with us. our financial advice is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] [ male announcer ] life brings obstacles. usaa brings retirement advice. call or visit us online. we're ready to help. learn more with our free usaa retirement guide. call 877-242-usaa.
they feel like it's part of the fiscal cliff deal. they did not get the spending cuts that they want. did they not get chicaany chang the federal health programs. they say, well, if this is the way to get spending cut and tackle the deficit immediately, we're willing to and see what is happening. >> thank you, nancy. >>> that's a wrap at this hour. of "weekends with alex witt." join me for a two-hour edition of the show at noon eastern. but straight ahead, more...
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it worked at the fiscal cliff deal when he got them to go along for additional revenue. it worked on the debt limit where they put off until may a new fight on the debt limit. that doesn't mean it's going to work again. >> john, thanks so much. john harwood on the north lawn of the white house. we have our traders with us. guys, i think what's interesting is you have this impasse, certainly a different feeling in the market as we approached the fiscal cliff. stocks moved higher as the president was speaking and it would certainly seem to suggest that the market either thinks what's going on in washington for the time being is irrelevant or other things are trumping everything that's taking place in the nation's capital. >> here's how i see what's going on in the marketplace right now. we talked ism being incredibly important. that's what the street is focusing on. new orders to inventories ratio comes out 4% higher. four points higher. you could say stocks are going higher. but you have to identify what is actually happening in the marketplace. and from what i see right
it worked at the fiscal cliff deal when he got them to go along for additional revenue. it worked on the debt limit where they put off until may a new fight on the debt limit. that doesn't mean it's going to work again. >> john, thanks so much. john harwood on the north lawn of the white house. we have our traders with us. guys, i think what's interesting is you have this impasse, certainly a different feeling in the market as we approached the fiscal cliff. stocks moved higher as the...
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up next, new details on how we got to the tax deal that averted the fiscal cliff, and if the well is poisoned for future debt and deficit negotiations. >> that and much more coming up on the most important hour of the trading day. stay with us. power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses i've always kept my eye on her... but with so much health care noise, i didn't always watch out for myself. with unitedhealthcare, i get personalized information and rewards for addressing my health risks. but she's still going to give me a heart attack. that's health in numbers. unitedhealthcare. >>> welcome
up next, new details on how we got to the tax deal that averted the fiscal cliff, and if the well is poisoned for future debt and deficit negotiations. >> that and much more coming up on the most important hour of the trading day. stay with us. power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over...
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. >> brown: still to come on the "newshour" tonight: weighing the fiscal cliff deal; charges in the india gang rape case; the country's crumbling sewage system and an expanding american reach for al jazeera. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: for another member of congress, today marked an especially momentous return to work. republican senator mark kirk of illinois suffered a stroke 10 months ago, and had to learn how to walk again. today, he climbed the 45 steps of the capitol, with vice president biden and west virginia senator joe manchin on hand for support. secretary of state hillary clinton will return to work at the state department sometime next week. clinton was discharged yesterday from a new york hospital, where she had been treated for a blood clot in her head. a state department spokeswoman said clinton is now resting at her home in new york, but wants to get back to washington. >> some of the senior staff who spoke to her half an hour ago said that she's sounding >> some of the senior staff who spoke to her half an hour ago said t
. >> brown: still to come on the "newshour" tonight: weighing the fiscal cliff deal; charges in the india gang rape case; the country's crumbling sewage system and an expanding american reach for al jazeera. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: for another member of congress, today marked an especially momentous return to work. republican senator mark kirk of illinois suffered a stroke 10 months ago, and had to learn how to walk...
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. >> do you think that republican lawmakers, who supported the fiscal cliff deal, the bill you said you would have voted against, should face primary challenges in 2014? and obviously, that doesn't just include people like john boehner, it includes people like paul ryan. >> well, i think that most of them are going to face challenges, just the way that our electoral process works. but should they? because they voted that way? that's for their constituents to decide, not me. and their constituents will let them know. >> all right, well, congressman yoho, nice to meet you, although virtually, thanks. >> erin, appreciate it. same here. >> we'll see you again soon. now let's bring in john avalon, cnn contributor of "newsweek" and the daily beast. what do you make of that? come in on day one and make a stand against boehner? but you're not signing the grover norquist tax pledge. it's hard to read that. >> a bold move on day one to go against speaker boehner. he clearly did it from a position of principle. he took on a republican congressman, ran a great ad, depicting politicians as pigs at t
. >> do you think that republican lawmakers, who supported the fiscal cliff deal, the bill you said you would have voted against, should face primary challenges in 2014? and obviously, that doesn't just include people like john boehner, it includes people like paul ryan. >> well, i think that most of them are going to face challenges, just the way that our electoral process works. but should they? because they voted that way? that's for their constituents to decide, not me. and...
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it's not just what he did on the fiscal cliff deal. it's what he did at the end of 2010 in terms of extending the tax cuts and getting unemployment compensation through and the payroll tax through. it's the influence he's had on afghanistan policy and iraq policy where we're getting out of those wars. it's the way he campaigned and the way he related to people in the last election. i think that, you know, look, hillary clinton is a formidable obama th obama that skal. i think some times people forget throughout history no incumbent vice president has been denied the nomination of his party since 1952. >> wow, well let me ask you following up on that, maria, do you think biden is seriously thinking about running? let me show you what he said on election day since bob went there, let me go there with him. on election day, it kind of raised a few eyebrows. watch what happened in an exchange joe biden had. >> um-hmm. i remember, yep, yep. >> this is the eighth time that i've run statewide in the state of delaware. and it's alms a kick. and
it's not just what he did on the fiscal cliff deal. it's what he did at the end of 2010 in terms of extending the tax cuts and getting unemployment compensation through and the payroll tax through. it's the influence he's had on afghanistan policy and iraq policy where we're getting out of those wars. it's the way he campaigned and the way he related to people in the last election. i think that, you know, look, hillary clinton is a formidable obama th obama that skal. i think some times people...
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they are waiting to reconvene to take up the fiscal cliff deal. after the gop meeting, we may learn when the house might vote on the deal and when republicans might amend it. house democrats are meeting on capitol hill with vice president joe biden. he is there to explain the deal he and senate minority leader mitch mcconnell brokered and that the senate approved. >>> the white house is keeping a close eye on today's developments in the house. stay with msnbc for more updates. and now back to hardball. >>> two steps forward, one step backward. let's play "hard ball." >> let me start this last night of the year with this, two steps forward, one step forward, that's the year if you look at it. so many good decisions as a society. we saw the angry faces of reaction to demographic change in the beginning. the people bringing guns to political events. the faces of hatred in the birther mularkey. the dog whistling whether it was about the president or his surrogate, susan rice. guess what? none of it worked. it just didn't. who would have known how powe
they are waiting to reconvene to take up the fiscal cliff deal. after the gop meeting, we may learn when the house might vote on the deal and when republicans might amend it. house democrats are meeting on capitol hill with vice president joe biden. he is there to explain the deal he and senate minority leader mitch mcconnell brokered and that the senate approved. >>> the white house is keeping a close eye on today's developments in the house. stay with msnbc for more updates. and now...
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wait till after the fiscal cliff deal is done. i'm worried about that. then we'll take it up after that. chris christie, we have the chris christie press conference where he promised chris that, you know, pick up the phone. you call and lobby the members and i'll take care of it. and then he got his vote. shut down the house. and that was it. everybody feels like john boehner did not tell them the truth. >> so here's chris christie yesterday as well. >> there's only one group to blame for the continued suffering of these innocent victims. the house majority and their speaker, john boehner. we respond to innocent victims of natural disasters not as republicans or democrats but as americans. or at least we did until last night. last night the house of representatives failed. that most basic test of public service. and they did so with callous indifference to the suffering of the people of my state. i called the speaker four times last night after 11:20, and he did not take my calls. on a political chess board of internal palace intrigue politics, our peopl
wait till after the fiscal cliff deal is done. i'm worried about that. then we'll take it up after that. chris christie, we have the chris christie press conference where he promised chris that, you know, pick up the phone. you call and lobby the members and i'll take care of it. and then he got his vote. shut down the house. and that was it. everybody feels like john boehner did not tell them the truth. >> so here's chris christie yesterday as well. >> there's only one group to...
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the fiscal cliff, a big rally is expected this morning. the joint may be short-lived because other issues are still not resolved. chief among those issues is the debt ceiling. the government has set the limit on borrowing. energy drinks promise to give a mental and physical edge but the proof is lacking. there is little scientific evidence to back up the claim. a spanish retailer is now the third richest billionaire. the second richest is bill gates and number one is the mexican telecommunications magnate. >> [inaudible] >> 6:25. there was the first bcs bowl game for the seminoles. the first score came on a six- year -- yard run. >> florida and louisville are meeting at the sugar bowl tonight. >> stamford ended its bowl drought. the eighth-ranked cardinals won. stanford got a combined 212 yards. >> before the rose bowl is played pasadena host the rose parade. this marked a return to work for hannah storm who suffered serious burns and a growing accident. she sustained first and second- degree burns to her face and neck and chest and hands.
the fiscal cliff, a big rally is expected this morning. the joint may be short-lived because other issues are still not resolved. chief among those issues is the debt ceiling. the government has set the limit on borrowing. energy drinks promise to give a mental and physical edge but the proof is lacking. there is little scientific evidence to back up the claim. a spanish retailer is now the third richest billionaire. the second richest is bill gates and number one is the mexican...
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including he voted against the fiscal cliff deal. >> but he is good about sounding reasonable. i want to listen to something else he said about a false choice about government. >> it's the false choice that's out there. you're either for big government or no government. government all has a role to play. i believe government has a role to play in financial aid. i never would have gone to school without federal financial aid. can't have a vibrant free enterprise system if there isn't a safety net to catch people who have tried and failed and we're too prosperous a nation and too compassionate a people not to help people who can't help themselves. >> no romney echo there. >> they have learned one important lesson from the campaign, which was they got so caught up in the rhetoric of their own donor circle, as opposed to their own voters -- this is really troop. they actually thought this is what voters wanted it hear. the iconic moment of course is the 47% moment when mitt romney is talking to his donor class, but they actually embody that. a very small percent and of americans ar
including he voted against the fiscal cliff deal. >> but he is good about sounding reasonable. i want to listen to something else he said about a false choice about government. >> it's the false choice that's out there. you're either for big government or no government. government all has a role to play. i believe government has a role to play in financial aid. i never would have gone to school without federal financial aid. can't have a vibrant free enterprise system if there isn't...
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we know that's not a truism with the fiscal cliff deal, and when he says he's not going to raise taxes on median families, he's actually doing that and we've seen their wages decrease by 4%, about $2,000. and we're not even talking about the incredible increase of gasoline, the incredible increase of food, commodity prices because we're printing so much money. it's really unconscionable what's going on in washington d.c., but i now have an opportunity to keep my voice out there to work against those types of policies. >> greta: it's sort of interesting, the president's approval rating is start to go decline a little bit. congress is at an all-time low. nobody seems to like the federal employees, elected officials, and they seem to be doing a lousy job when they finally do do their works, and sat there for 18 months and didn't do anything for the fiscal cliff until the last minute and kicked down the can. >> and the president-- and the president signed an executive order that lifted the ban on the freeze on federal government of compensation. >> greta: why did he do that? why did he do
we know that's not a truism with the fiscal cliff deal, and when he says he's not going to raise taxes on median families, he's actually doing that and we've seen their wages decrease by 4%, about $2,000. and we're not even talking about the incredible increase of gasoline, the incredible increase of food, commodity prices because we're printing so much money. it's really unconscionable what's going on in washington d.c., but i now have an opportunity to keep my voice out there to work against...
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howe does the fiscal cliff deal not violate that pledge. >> it's technically not a violation of the pledge. but i understand why a lot of republicans have said, look, even though what's happening is the tax cuts disappear and we're restoring them for for most people, so we're not raising taxes, we're actually cutting taxes. >> you say because the bush tax cuts have expired yesterday. >> yes. >> so technically they are still tax cuts. >> correct. i understand and i understand if you're a congressman or senator, you've got to convince not me that you haven't violated the pledge, you have to convince your constituents. and they need to be able to say with a straight face they fought to protect those tax cuts for everyone. and the republicans have done that more than once and they're fighting to oppose any and all tax increases period. i think can you look your voters in the face and say we voters in the face and say we voted to protect them. the president in the white house vetoed the bill, here is the best we can do right now. and we continue to fight for everyone going forward. >> is compro
howe does the fiscal cliff deal not violate that pledge. >> it's technically not a violation of the pledge. but i understand why a lot of republicans have said, look, even though what's happening is the tax cuts disappear and we're restoring them for for most people, so we're not raising taxes, we're actually cutting taxes. >> you say because the bush tax cuts have expired yesterday. >> yes. >> so technically they are still tax cuts. >> correct. i understand and i...
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we've just increased taxes by 600 billion in the fiscal cliff deal. if you kind of put all the numbers together, we need another 1.2 trillion in deficit savings to get to a point where the debt is no longer growing faster than gdp. that stabilizes the depth-to-gdp ratio. 1.2 trillion sounds like a lot, but that's over ten years, and it's about half a percent of gdp. to do it in a balanced way, means 600 billion on the revenue side and 600 billion in the spending cut side, and i think that's the answer to your question. >> that is the answer to my question. the debt limit battle that we're looking at here over the next month or two, what's the potential that that battle could once again, not just affect the markets, but also affect the credit rating that this country has? >> well, right. i think the market impact, while certainly important, it pales behind that of the potential impact on economies our own and the global. the potential is huge. i mean, the fiscal cliff was a scratch on your arm compared to the damage that we're talking about here. in fa
we've just increased taxes by 600 billion in the fiscal cliff deal. if you kind of put all the numbers together, we need another 1.2 trillion in deficit savings to get to a point where the debt is no longer growing faster than gdp. that stabilizes the depth-to-gdp ratio. 1.2 trillion sounds like a lot, but that's over ten years, and it's about half a percent of gdp. to do it in a balanced way, means 600 billion on the revenue side and 600 billion in the spending cut side, and i think that's the...
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he had been in a marathon for weeks trying to get this fiscal cliff deal done. he finally made it. he did it at the last minute. he was fried that night. he didn't have the political capital. he didn't have the energy, the emotional wherewithal to go through it all over again over sandy. did he mishandle it? absolutely. i'm sure if you asked john boehner if he mishandled it, he would say he could have handled it better. that being said, it's time to pass the page, let bygones be bygones. it's time to get moving. john boehner made amends. he got the bill passed the next day on friday, we're good. >> ana navarro, thank you so much. and we know you're under the weather. so we really appreciate your being here for all of us and our viewers. thanks so much. >>> death in hollywood has us asking, is it time to make tougher laws for the paparazzi? with so much noise about health care... i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile. not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but
he had been in a marathon for weeks trying to get this fiscal cliff deal done. he finally made it. he did it at the last minute. he was fried that night. he didn't have the political capital. he didn't have the energy, the emotional wherewithal to go through it all over again over sandy. did he mishandle it? absolutely. i'm sure if you asked john boehner if he mishandled it, he would say he could have handled it better. that being said, it's time to pass the page, let bygones be bygones. it's...
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Jan 3, 2013
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mr.obama also signed the fiscal cliff deal into law last night using an auto pen, a device that copies his signature. >>> first family is scheduled to return to washington this weekend. and when they do, it is going to be a cold one. nothing like hawaii when they return. taking a live look outside right now, can't see it but you will feel it. the chilly temperatures to start your thursday. good morning. i'm sarah simmons. >> i'm wisdom martin. you know hawaii wouldn't be a bad place to be. >> not bad to take the annual family trip to hawaii. >> i think we should take the show on the road. >> temperatures falling back into the 20s. we are 30 30 now in town at reagan national. there is your satellite-radar. a lot of rain showers to the south this morning. south down into the carolinas, down towards georgia. you can see that we're on the far northern edge of it. we've got some cloud cover out there at the moment. but just like yesterday, we should see the clouds clear up here during the morning hours and have a decent amount of sunshine. mostly sunny this afternoon and we should be dry. t
mr.obama also signed the fiscal cliff deal into law last night using an auto pen, a device that copies his signature. >>> first family is scheduled to return to washington this weekend. and when they do, it is going to be a cold one. nothing like hawaii when they return. taking a live look outside right now, can't see it but you will feel it. the chilly temperatures to start your thursday. good morning. i'm sarah simmons. >> i'm wisdom martin. you know hawaii wouldn't be a bad...
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Jan 6, 2013
01/13
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the president is wrapping up a two-week vacation that was interrupted by the fiscal cliff deal. one of his first priorities getting back to work will be to get congress to lift the federal debt ceiling. he said he will not compromise on this issue. >> the congress refuses to give the united states the ability to pay its bills on time. the consequences to the global economy could be catastrophic. the last time congress threatened this course of action our entire economy suffered for it. our families and businesses cannot afford that dangerous game again. >> president obama also says he's looking forward to working with new congress to continue to boost the economy and shrink federal deficits. >>> president obama's 2008 election campaign was fined by the federal elections commission and it's one of the largest fines ever levied. the s.e.c. fined the campaign $375,000 for failing to report the identities of donors who contributed $2 million in the final weeks before the election. the fines followed an s.e.c. audit after complaints by the republican national committee and other grou
the president is wrapping up a two-week vacation that was interrupted by the fiscal cliff deal. one of his first priorities getting back to work will be to get congress to lift the federal debt ceiling. he said he will not compromise on this issue. >> the congress refuses to give the united states the ability to pay its bills on time. the consequences to the global economy could be catastrophic. the last time congress threatened this course of action our entire economy suffered for it....
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. >> brown: still to come on the "newshour" tonight: weighing the fiscal cliff deal; charges in the india gang rape case; the country's crumbling sewage system and an expanding american reach for al jazeera. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: for another member of congress, today marked an especially momentous return to work. republican senator mark kirk of illinois suffered a stroke 10 months ago, and had to learn how to walk again. today, he climbed the 45 steps of the capitol, with vice president biden and west virginia senator joe manchin on hand for support. secretary of state hillary clinton will return to work at the state department sometime next week. clinton was discharged yesterday from a new york hospital, where she had been treated for a blood clot in her head. a state department spokeswoman said clinton is now resting at her home in new york, but wants to get back to washington. >> some of the senior staff who spoke to her half an hour ago said that she's sounding terrific, upbeat, raring to go. she's looking forward to getting bac
. >> brown: still to come on the "newshour" tonight: weighing the fiscal cliff deal; charges in the india gang rape case; the country's crumbling sewage system and an expanding american reach for al jazeera. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: for another member of congress, today marked an especially momentous return to work. republican senator mark kirk of illinois suffered a stroke 10 months ago, and had to learn how to walk...